158. The balance of Material Q on May 1 and the receipts and issuances during May are as follows: Balance May 1 8 at $32 Received May 11 23 at $34 Received May 25 15 at...

158. The balance of Material Q on May 1 and the receipts and issuances during May are as follows:

Determine the cost of each of the issuances under a perpetual system, using the first-in, first-out method.

159. Prepare the journal entry for materials and labor, based on the following:

Raw materials issued:	$850	for Job 609
	600	for general use in the factory

Labor time tickets:	$1,600	for Job 609
	400	for supervision

May 15, 2022

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